Hints and tips:
...Patricof and his co-founder Abby Miller Levy, a former executive at SoulCycle, said Primetime is not an impact fund per se, but its companies are offering an impact for older people....
...through two quick-fire deals for rival banks....
...In the filing, IAG also claims that Marsh, the world’s biggest insurance broker and the company that placed Greensill’s cover with insurers, “ought reasonably to have known” that the wording of a key 2019...
...He said Ola was co-operating with a government investigation launched in March into electric scooter fires....
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...Private credit’s fundraising spree has given managers a lot of cash to lend and the industry’s love affair with investing in or buying insurance companies over the past five years has also added billions...
...Few CEOs experience such a cyber-baptism of fire, which prompted the US to set up a high-level task force to co-ordinate its response. Even fewer would respond as coolly....
...The court papers say that Yasuda Fire and Marine Insurance “recklessly, if not purposefully, ignored the provenance of Sunflowers that Christie’s published”....
...Which fintech tie-ups do you see happening by the end of the year? Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...“It’s just the usual innovators’ dilemma.” Quick Fire Q&A I recently chatted with Justin Wickett, CEO and co-founder of informed....
...Plus, I talk to the co-founder of one of the largest players in Egypt about his company’s plans to accelerate digital payments among unbanked communities in Northern Africa....
...Hartford Financial Services Group on Tuesday rejected a $65-a-share offer from Chubb, saying it “would not be in the best interests of the company”....
...(Miles Kruppa) Quick Fire Q&A I spoke with Itamar Lesuisse, co-founder and chief executive of Argent, which provides an Ethereum wallet as a competitor to customers holding their assets on exchanges like...
...In the health insurance sector, Oscar Health, a company co-founded by Joshua Kushner (brother to Donald Trump’s son-in-law Jared Kushner), has lost more than 70 per cent from its market value since investors...
...The companies contracts and billing and take a share of the insurance or patient payment, which one doctor told the Financial Times can be as high as 50 per cent....
...The insurance company offered to settle the dispute if RiseBoro paid a sum exceeding $1m, according to a person familiar with the talks, but RiseBoro declined the offer....
...cover that insurance companies buy to protect themselves against claims arising from natural disasters....
...The company raised $420m in its trading debut, selling its stock at $14 a share, at the bottom of the range it had pitched to investors....
...Margaret Mitchell, who had been co-head of its AI ethics group, had been dismissed over “multiple violations of our code of conduct” and security policies, it said....
...Arama Kukutai, co-founder and Partners at Finistere Ventures, said investors were also drawn to companies promising to improve food supply chains....
...Its Athene insurance company — built to profit from the disruption of the 2008 crisis — was Rowan’s brainchild, Black has said....
...Its purpose was “to prevent, monitor and mitigate land and forest fires to control transboundary haze pollution through concerted national efforts, regional and international co-operation”....
...And since “the exposure of UK investors, including insurance companies [and banks], to these shifts is potentially huge”, he warned of a potential future market panic if investors suddenly woke up to these...
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